Biotech Is Having Its Best Week Since the Election

They call it “stonking.”

The biotech sector is having a stonking week.

The Nasdaq biotech index, which tracks the more than 160 biotech and pharmaceutical companies listed on the Nasdaq exchange, is up 7.14% since June 14.

It's the biggest upswing the industry has had since the presidential election, when stocks were up 13% the week after the election after President Donald Trump's win signalled a possible reprieve on the topic of drug pricing.

Full story at Business Insider

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